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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

0 Hwy 5 & Pennsylvania Ave Melissa, TX 75454

1 SF 12 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 12-acre commercial land parcel presents a rare opportunity for retail development in the thriving city of Melissa, Texas. Located at the strategic intersection of Highway 5 and Pennsylvania Avenue in Collin County, this property offers unparalleled visibility and accessibility. The site is divided into two available pad sites, ranging from 5 to 6 acres each, providing flexibility for various retail concepts. With a total land area of 12 acres, this property offers ample space for substantial development. The "Owens Crossing" location boasts a prime position within a rapidly growing area, ensuring high traffic volume and strong potential for return on investment. The property is zoned for commercial use, simplifying the development process. Utilities are available, and the site is ready for immediate development. This is an ideal location for businesses seeking to establish a strong presence in a dynamic and expanding market. The property's location in Collin County, Texas, offers access to a robust infrastructure and a thriving community. This is a unique opportunity to acquire a significant retail land parcel in a high-growth area. Detailed site plans and zoning information are available upon request. Don't miss this chance to secure a prime location for your next retail venture.

Property profile
Verified
Property type Retail properties & Spaces
Total area 1 SF
Lot 12 ac (522,720 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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